Legacy Launches AdvanceMarkSM Ultra Series of Annuities
October 1, 2013 by Diane Shemi
Offers tremendous upside potential, up to 10% vesting bonus, and robust income rider
PETALUMA, CA, September 30, 2013—Legacy Marketing Group® is excited to announce the launch of AdvanceMark Ultra Series flexible premium deferred fixed indexed annuities issued by Fidelity & Guaranty Life Insurance Company. A redesign of the popular AdvanceMark Series FIAs, this new series’ name says it all—AdvanceMark Ultra.
“Why redesign a product if you are not going to make it one of the best? With our partners at Fidelity & Guaranty Life, we’ve created a well-balanced product designed to provide consumers with extraordinary upside potential, up to 10% vesting bonus, and a robust income rider,” said Legacy President Preston Pitts. “For clients who want it all and agents who deserve competitive commissions through age 85, we believe AdvanceMark Ultra is one of the best all-around FIAs.”
Built on a 10- or 14-year chassis, AdvanceMark Ultra offers a choice of five indexed interest crediting options, including a monthly point-to-point with 4% cap* and a three-year monthly average with tremendous uncapped potential. A 10% vesting bonus on AdvanceMark Ultra 14 or 7% vesting bonus on AdvanceMark Ultra 10 and 10 LT provide quick-start accumulation (bonuses are 5% and 3.5%, respectively, at issue ages 76–85).
The guaranteed minimum withdrawal benefit rider included with AdvanceMark Ultra features a 7% compound roll-up for one of the lowest charges in the industry—only 0.70% per year, applied against the income base. AdvanceMark Ultra also offers “checkbook” access; liquidity riders for nursing home confinement, terminal illness, and home health care; index gains that vest to date of death; and now issue ages through 85. Agents are rewarded with up to 8.50% GA-level commission.
This new product series is offered exclusively through agents contracted with Legacy and is currently available in approximately 40 states.
About Legacy Marketing Group®
Legacy Marketing Group partners with respected insurance companies to design and market innovative products for the U.S. fixed annuity and life insurance market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.
AdvanceMark Ultra Series flexible premium deferred fixed indexed annuities are issued by Fidelity & Guaranty Life Insurance Company, Baltimore, MD; products distributed by Legacy Marketing Group®. Subject to state availability. Certain restrictions may apply. Optional provisions and riders may have limitations, restrictions, and additional charges. Consult the contract for more detailed product information.
Form Nos: ACI-1018(06-11), API-1018(06-11), et al.
* Rates effective October 1, 2013, and subject to change. Indexed interest crediting rates are subject to a cap, spread, or declared rate, and caps, spreads, and declared rates are subject to change at the insurer’s discretion. FG1696v0813 13-523
Media Contact: Legacy Marketing Group Diane Shemi, Director of Marketing, 800-395-1053, Ext. 5838 diane.shemi@legacynet.com
